SunStar Megawide Construction realigns budget, after losing NAIA rehab
WORLD-CLASS PROJECT. Photo shows the planned seven-hectare property redevelopment project of Megawide Construction Corp. and the Cebu City Government, which includes the rehabilitation of Carbon Public Market. The five-year project begins in 2021.(SunStar file)
+ March 01, 2021 AFTER losing its original proponent status (OPS) for the rehabilitation of the Ninoy Aquino International Airport (NAIA), Megawide Construction Corp. has decided to reallocate its budget to finance other projects in the country, including those in Cebu.
On Nov. 26, 2020, the company raised P4.3 billion through its Series 2A and Series 2B preferred shares offering which were almost 1.5 times oversubscribed from the base offer of P3 billion. The proceeds, the firm said, would be used to support its infrastructure projects including its proposal to rehabilitate and transform the NAIA.
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News from Hutt City Council
Hutt City Council has formally kicked off the development of a new transport strategy to help tackle Lower Hutt’s growing transport challenges.
The development of the strategy comes at a key point in Lower Hutt’s history. The city is growing at one of its fastest rates, evidenced by the fact it exceeded its previous 2030 population targets last year. This has added pressure on existing infrastructure, equating to a greater load on key transport links like SH2, the Petone Esplanade, and increasingly the Lower Hutt CBD.
There are also a significant number of key transport projects in the pipeline, such as the upgrade of Melling Interchange, Eastern Bays Shared Path, Te Ara Tupua (Ngāūranga to Petone Shared Path), and the long planned Cross Valley Connections project.
Three new board members appointed to the Environment Agency
Environment Secretary George Eustice welcomes knowledge and experience of three appointees.
From:
3 February 2021
Environment Secretary George Eustice has appointed Dr Stewart Davies, Ines Faden da Silva and Lilli Matson to the Environment Agency Board. The appointments began on 1 February 2021 and will run for four years until 31 January 2025.
Board members provide non-executive leadership challenge and support to the Environment Agency’s executive through regular Board meetings, committees and groups. They also undertake individual lead roles on relevant issues and with local operational teams.
All appointments to the Environment Agency Board are made on merit following open competition. The appointments comply with the Ministerial Code of Governance on Public Appointments. There is a requirement for appointees’ political activity (if significant) to be declared. All three appointees have declared that they h
Date Time
Three new board members appointed to Environment Agency
Environment Secretary George Eustice has appointed Dr Stewart Davies, Ines Faden da Silva and Lilli Matson to the Environment Agency Board. The appointments began on 1 February 2021 and will run for four years until 31 January 2025.
Board members provide non-executive leadership challenge and support to the Environment Agency’s executive through regular Board meetings, committees and groups. They also undertake individual lead roles on relevant issues and with local operational teams.
All appointments to the Environment Agency Board are made on merit following open competition. The appointments comply with the Ministerial Code of Governance on Public Appointments. There is a requirement for appointees’ political activity (if significant) to be declared. All three appointees have declared that they have not taken part in any significant political activity in the past five years.